A Nonparametric Analysis of Cost Minimization and Profit Maximization Behavior for a Sample of Kansas Farms

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This study investigates nonparametrically the optimizing behavior of a sample of 289 Kansas farms under profit-maximizing and cost-minimizing hypotheses. The results do not support strict adherence to either optimization hypothesis. However, evidence against cost-minimizing behavior seems to be far less substantial than that against profit-maximizing behavior.

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http://hdl.handle.net/123456789/569292

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https://ageconsearch.umn.edu/record/118197/files/92-01.pdf

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University of Minnesota